The Adaro Blog

China thermal coal market faces two-three month coronavirus short squeeze: Noble
February 18, 2020, 6:54 pm
BAMBOLIM, Goa, India (Reuters) - China’s domestic thermal coal market faces a 2-3 month short squeeze as a rapidly spreading coronavirus outbreak curtails production more than demand, Noble Resources’ chief coal analyst said on Tuesday. The new virus, which originated in China, has...
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Coal’s Losing Steam as Supply Restarts, Virus Stifles Demand
February 17, 2020, 6:48 pm
(Bloomberg) -- Coal prices in China are back on the slide as local miners resume production, easing concern about tight supply and suggesting demand is a bigger wild card as the world’s top market tries to contain a coronavirus outbreak. Futures on the Zhengzhou exchange have fallen for...
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Indonesia faces thermal coal loading delays amid vessel quarantines: sources
February 14, 2020, 6:27 pm
Singapore — The loading of coal cargoes onto vessels in the Kalimantan archipelago could experience slight delays in the near-term amid lingering concerns over the spread of coronavirus or COVID-19, sources said Friday. A south China-based trader told S&P Global Platts that workers...
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Coal India keeps raising output targets
February 12, 2020, 6:35 pm
CIL's 2019-20 coal output is forecast at around 610mn t against a targeted 660mn t, a senior company executive told Argus after the release of the company's latest quarterly financial results yesterday. Despite the looming miss for 2019-20, CIL will aim for output of 710mn t in...
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EIA expects 2020 US coal output to fall 13.7% on year: STEO
February 11, 2020, 6:25 pm
Houston — US coal production is forecast to be about 596 million st in 2020, down 13.7% from the estimated 2019 output of 690 million st, data from the Energy Information Administration's Short-Term Energy Outlook showed Tuesday. The EIA projects output of about 587 million st for...
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India coal imports rise in Nov after three months of decline
February 10, 2020, 6:54 pm
NEW DELHI, Feb 10 (Reuters) - India’s coal imports in November rose 8.6% from a year earlier to 21.83 million tonnes, government data showed, following three straight months of decline. Imports of thermal coal - used mainly for electricity generation - rose 12.3% from a year ago to 17.65...
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Virus-hit China may need more imports of coal. Now comes the tricky part – shipping it there
February 7, 2020, 7:37 pm
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation that may seem positive for seaborne exporters, but in reality it may be challenging for miners to take advantage. While there may be increased demand...
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Chinese coking coal imports rise by 15.3pc in 2019
February 5, 2020, 6:50 pm
China imported 74.6mn t of coking coal last year, up by 15.3pc from 64.7mn t in 2018, according to Chinese customs data. But imports in December stood at an all-time low of 1.7mn t, down by 72.43pc from November, and down by 45.7pc from December 2018. Total Chinese imports from Australia stood...
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Indonesia's Feb coal benchmark price set at $66.89/T -ministry
February 4, 2020, 6:01 pm
Indonesia’s government set its coal benchmark price (HBA) for February at $66.89 per tonne, Agung Pribadi, a spokesman at Energy and Mineral Resources Ministry told reporters on Tuesday It is a slight increase from $65.93 per tonne in January COAL-HBA-ID “The price increase for...
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India”s coal import rises 8% to 186 MT in Apr-December
February 3, 2020, 6:05 pm
India’s coal import increased by 7.6 per cent to 185.88 million tonnes (MT) in the April-December period of the current fiscal. Coal imports in December rose by 13.3 per cent to 20.52 MT compared to 18.10 MT in the year-ago month, according to provisional data by mjunction...
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